Reef Subsea today announced its subsea services division, based in Bergen, Norway, has secured a third subsea construction contract in West Africa and is now sending a second vessel to the region. The project, for regional offshore contractor Stapem Offshore, will include cable lay duties on Palanca Cable Lay Campaign in Block 3, Angola. The [...]
June 18, 2013 | Posted in
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BP and its co-venturers Shell, ConocoPhillips and Chevron announced today their decision to proceed with a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands. The initial commitment involves a two year programme to drill five appraisal wells. This could increase [...]
March 28, 2013 | Posted in
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DOF ASA , a company which serves the subsea market, announces the total income for the 3rd quarter of 2012 was NOK 63.1 million (NOK 92.0 million in 3rd quarter 2011), with an EBITDA of NOK 57.6 million (NOK 54.9 million) and an EBIT of NOK 46.8 million (NOK 35.5 million) after depreciation and write-downs [...]
November 19, 2012 | Posted in
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EMGS, the marine EM market leader, recorded revenues of USD 43.2 million in the third quarter of 2012, down from USD 45.5 million in the third quarter of 2011. “Compared to the previous quarters, the third quarter is disappointing financially. However, we are on track to deliver the best-ever annual results in the company’s history. [...]
Third quarter 2012 was operationally a very good quarter for the company. The operating margin (EBITDA) was 51 percent in the quarter. – Strong operation is the result of a modern fleet and skilled employees, says CEO Irene W. Basili who focuses on the opportunities this creates: – We have a contract coverage that gives [...]
November 16, 2012 | Posted in
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Dolphin Group ASA, an asset light supplier of marine geophysical services, announced third quarter 2012 results with revenues of USD 61.2 million, compared to USD 43.0 million in Q3 2011. Highlights for the quarter are following: – EBITDA of USD 28.9 million (47,2%), improved from USD 9.1 million in Q3 2011. – EBIT of USD [...]
November 14, 2012 | Posted in
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Odyssey Marine Exploration, Inc., pioneers in the field of deep-ocean shipwreck exploration, reported results for the third quarter ended September 30, 2012, and filed the Company’s third quarter Form 10-Q with the Securities and Exchange Commision. Third Quarter Financial Results Odyssey generated net income of $3.8 million for the third quarter of 2012, compared to [...]
November 9, 2012 | Posted in
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Cal Dive International, Inc. reported third quarter 2012 financial results and implementation of a company restructuring plan that includes cost saving measures and the placing of certain non-core assets up for sale. Third Quarter 2012 Results The Company reported a third quarter 2012 loss of $15.9 million, or $0.17 per diluted share, compared to a [...]
November 8, 2012 | Posted in
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BOURBON has marked growth in third quarter revenues of +21.4% (+13.0% at constant exchange rate). Revenues were up 18.9% over 9 months (+14.0% at constant exchange rate). “In a favorable oil and gas services market, BOURBON’s growth is in line with the BOURBON 2015 Leadership Strategy. Average daily rates are rising regularly and apply to [...]
November 7, 2012 | Posted in
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CGGVeritas announced its non-audited third quarter 2012 consolidated1 results. All comparisons are made on a year-on-year basis unless stated otherwise. Third quarter results – Revenue totaled $855 million, up 7% – Operating income increased by 17% to $114 million, a 13% margin – Services operating income was at $62 million, a 10% margin – Sercel [...]
November 5, 2012 | Posted in
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